Driehaus Capital Management LLC increased its holdings in shares of American Superconductor Co. (NASDAQ:AMSC - Free Report) by 18.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 942,698 shares of the technology company's stock after purchasing an additional 143,936 shares during the period. Driehaus Capital Management LLC owned approximately 2.39% of American Superconductor worth $23,219,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP bought a new position in American Superconductor during the 4th quarter valued at about $11,360,000. Raymond James Financial Inc. acquired a new stake in American Superconductor during the 4th quarter valued at $10,188,000. Arrowstreet Capital Limited Partnership bought a new position in American Superconductor in the 4th quarter valued at $7,310,000. Balyasny Asset Management L.P. acquired a new stake in shares of American Superconductor in the fourth quarter valued at $5,886,000. Finally, AQR Capital Management LLC grew its stake in shares of American Superconductor by 143.5% during the fourth quarter. AQR Capital Management LLC now owns 256,230 shares of the technology company's stock valued at $6,311,000 after purchasing an additional 151,015 shares during the last quarter. Institutional investors own 52.28% of the company's stock.
American Superconductor Trading Down 0.0%
Shares of AMSC traded down $0.01 on Wednesday, reaching $23.57. 261,579 shares of the company's stock were exchanged, compared to its average volume of 1,110,574. American Superconductor Co. has a 12 month low of $13.74 and a 12 month high of $38.02. The stock has a market capitalization of $930.07 million, a P/E ratio of 336.76 and a beta of 2.81. The business has a 50 day moving average price of $19.26 and a two-hundred day moving average price of $25.12.
Analyst Upgrades and Downgrades
Separately, Oppenheimer increased their price objective on American Superconductor from $33.00 to $39.00 and gave the company an "outperform" rating in a research report on Friday, February 7th.
View Our Latest Report on AMSC
American Superconductor Profile
(
Free Report)
American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates through Grid and Wind segments. The Grid segment offers products and services that enable electric utilities, industrial facilities, and renewable energy project developers to connect, transmit, and distribute power under the Gridtec Solutions brand.
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